District of Columbia Investment Advisor & Broker-Dealer Bonds

The Department of Insurance, Securities and Banking of the District of Columbia requires that investment advisers and broker-dealers furnish a surety bond to guarantee professional conduct and compliance with the rules and regulations set out by the District. The surety bond is commonly required in an amount, or coverage of $10,000 and is issued for the benefit of the District of Columbia or those financially damaged due to fraud or other violations on the part of the bonded principal.